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Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH


02 Sep 2021

#FTX Token

FTT price soared to a new all-time high after the FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships. Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to its ecosystem. One project that has seen massive growth throughout 2021 thanks to its increasing public exposure and exciting protocol launches and partnerships is FTX, a crypto derivatives trading platform founded by Sam Bankman-Fried and Gary Wang.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low near $50 on Tuesday, the price of FTT catapulted 42% to a new all-time high of $66.50 on Wednesday as its 24-hour trading volume increased by 200% to $1.675 billion.

The sudden burst in momentum came following Tuesday's announcement that FTX US, the United States-based arm of the exchange, would be acquiring LedgerX, a fully licensed, U.S.-based options and futures trading platform. Through this acquisition, the company will now be able to offer regulated crypto futures and options trading to the US market.

FTX has had a busy year of partnerships and publicity-generating moves, such as purchasing the naming rights for several stadiums and becoming the official crypto exchange sponsor of Major League Baseball, but many feel that this is the biggest development to date for the platform because it gives FTX US a unique product in the U.S. marketplace.

And just to show that it also has a hand on the pulse of the cryptocurrency community, FTX also recently announced plans to list the up-and-coming Star Atlas gaming metaverse and NFT ecosystems, a highly anticipated project that looks to capture the surging momentum of the NFT and gaming sectors.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 83.6% 20 $101 701.81 1.69% 2.07% $2 013 246 996 833 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 69.2% 63 $3 915.40 -0.05% -2.15% $471 597 924 366 ETH 7 days price change
3 XRP (XRP) XRP XRP predictions 60.4% 90 $2.47 5.89% 1.39% $141 142 112 565 XRP 7 days price change
4 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000042 -0.01% -0.14% $140 139 591 223 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 77.6% 34 $225.66 -0.24% -4.29% $108 098 878 749 SOL 7 days price change
6 Binance Coin (BNB) BNB Binance Coin predictions 72.4% 60 $728.99 2.96% -1.69% $104 980 392 576 BNB 7 days price change
7 Dogecoin (DOGE) DOGE Dogecoin predictions 77.6% 45 $0.410083 0.70% -5.78% $60 360 933 009 DOGE 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999956 0% 0% $41 989 588 944 USDC 7 days price change
9 Cardano (ADA) ADA Cardano predictions 62.8% 74 $1.11 0.75% -8.74% $38 938 221 420 ADA 7 days price change
10 TRON (TRX) TRX TRON predictions 57.6% 93 $0.294798 1.75% -10.07% $25 424 946 533 TRX 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 68.8% 65 $52.49 -1.10% 0.78% $21 502 759 836 AVAX 7 days price change
12 Chainlink (LINK) LINK Chainlink predictions 59.6% 87 $29.57 0.59% 14.33% $18 538 470 003 LINK 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 69.6% 68 $0.000029 2.81% -6.07% $16 940 665 280 SHIB 7 days price change
14 Toncoin (TON) TON Toncoin predictions 69.2% 69 $6.31 -0.68% -7.62% $16 085 252 236 TON 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 60.4% 78 $9.01 -0.51% -15.10% $13 775 503 688 DOT 7 days price change

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